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Business & Finance

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Two women and one man standing in front of a sign
Business & Finance

Residual cold from Spain’s LNG terminal becomes low-carbon grid energy in ‘world first’

French-headquartered ecological transformation company Veolia, Spanish gas grid operator Enagás, and Barcelona City Council have launched a residual cold recovery solution installed at a liquefied natural gas (LNG) terminal in the Port of Barcelona.

about 1 year ago
Illustration; Source: Petrobras
Business & Finance

Petrobras fires the starting gun on bid battle for two new Brazil-bound FPSOs

Petrobras has kicked off a new procurement process to secure two more floating production, storage, and offloading (FPSO) vessels, which will be deployed in the Sergipe Alagoas Basin off the coast of Brazil.

about 1 year ago
Céline Place, Ambassador of France in Ireland visiting the Celtic Interconnector project in Cork; Pictured L-R: Ed Raffle, Celtic Interconnector team, Pádraig Slyne, EirGrid, Josselin Le Gall, Allianc
Business & Finance

Ireland’s first energy link to EU shaping up with ‘steady progress’ on cable routes for French interconnection

A one-year construction milestone has been reached at a subsea cable interconnection project between Ireland and France, known as Celtic Interconnector, only two years since the engineering, procurement, and construction (EPC) contracts were signed in Paris.

about 1 year ago
A large LNG vessel at sea
Business & Finance

GAIL’s LNG fleet growing thanks to deal with K Line

India’s state-owned natural gas player GAIL has signed a long-term time charter agreement with Japanese shipping company Kawasaki Kisen Kaisha (K Line) for a new liquefied natural gas (LNG) vessel to be built by Korea’s Samsung Heavy Industries (SHI).

about 1 year ago
Illustration; Source: CNOOC
Business & Finance

Chinese oil & gas giant on a roll as another development project comes online

China National Offshore Oil Corporation (CNOOC) has begun production at another oilfield development project in the South China Sea, off the coast of China.

about 1 year ago
Main Pass IV jack-up rig; Source: Shelf Drilling
Business & Finance

Shelf Drilling rig scores new gig offshore Nigeria

Shelf Drilling (SHLF) has landed a new drilling assignment for one of its jack-up rigs off the coast of Nigeria in West Africa.

about 1 year ago
An offshore platform with a large vessel surrounded by several smaller vessels next to it
Business & Finance

Shell and QatarEnergy team up to supply China with LNG

Two energy giants, Qatar’s state-owned QatarEnergy and UK-headquartered Shell, have inked a new long-term sale and purchase agreement (SPA) with an undisclosed client to deliver liquefied natural gas (LNG) to China.

about 1 year ago
FSO concept for Murphy's oilfield; Source: Yinson Production
Business & Finance

US player entrusts Yinson Production and PTSC JV with FSO for Asian offshore oil project

A joint venture consisting of PTSC and Yinson Production has been put in charge of the provision, charter, operation, and maintenance of a floating storage and offloading (FSO) vessel destined for an oilfield development project in the Cuu Long Basin off the coast of Vietnam in Southeast Asia, which

about 1 year ago
Forging ahead with fleet renewal, Maersk books 20 new dual-fuel ships
Business & Finance

Forging ahead with fleet renewal, Maersk books 20 new dual-fuel ships

Maersk has concluded agreements with three shipyards for the construction of 20 container vessels equipped with dual-fuel engines, rounding off the newbuilding orders revealed in August 2024.

about 1 year ago
Bundled Uraduct for CHPE project; Source: CRP Subsea
Business & Finance

UK firm’s cable protection solution enhances US-Canada renewable underwater energy link

CRP Subsea, part of AIS, has been picked to provide a protection solution for two high-voltage direct current (HVDC) cables and a fiber optic cable (FOC) for an underwater green electricity project between the U.S. and Canada.

about 1 year ago
A large vessel at sea
Business & Finance

Local player joins FLNG project seeking to make Argentina an LNG exporter

Argentina’s oil and gas firm YPF has joined a floating liquefied natural gas (FLNG) project being co-developed by Bermuda-headquartered owner and operator of liquefied natural gas (LNG) midstream infrastructure Golar LNG and Latin American integrated energy company Pan American Energy (PAE) in Argen

about 1 year ago
Noble Invincible; Source: Noble Corporation
Business & Finance

New North Sea oil discovery springs up as Othello opens new play in ‘dry belt’

DNO has made a new oil discovery in the southern North Sea on the Norwegian Continental Shelf (NCS), which is described as a play opener in an area previously dubbed ‘the dry belt,’ where little exploration interest was noted in recent years.

about 1 year ago
Courtesy of Hellenic Cables
Business & Finance

Hellenic Cables cheers certification of dynamic power cable for offshore wind and oil & gas platform electrification

Hellenic Cables, part of Cenergy Holdings, has tucked a new milestone under its belt with the certification of its dynamic power cable, rated at 66 kV, which is said to be designed for demanding floating offshore wind applications.

about 1 year ago
Santorini drillship; Source: Saipem
Business & Finance

Saipem rig finds more light oil & gas-condensate offshore Namibia

Galp has struck light oil and gas-condensate in the first well within its second exploration and appraisal program in the Orange Basin, where oil discoveries were made during the first campaign within license PEL 83 off the coast of Namibia.

about 1 year ago
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